Learn Why Towle & Co Purchased Celadon Group Inc Stake?

February 14, 2018 - By Hazel Jackson

Investors sentiment increased to 0.57 in 2017 Q3. Its up 0.03, from 0.54 in 2017Q2. It improved, as 17 investors sold Celadon Group, Inc. shares while 32 reduced holdings. 15 funds opened positions while 13 raised stakes. 22.85 million shares or 0.19% more from 22.81 million shares in 2017Q2 were reported.

The New Towle & Co Holding in Celadon Group Inc

Towle & Co reported SC 13G form with the SEC for Celadon Group Inc. Access it here: 000114036118007189. As reported by Towle & Co, the filler owns 9.09% or 2,513,900 shares of the -company.

Celadon Group Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Towle & Co’s positive view for Celadon Group Inc. For a institutional investor managing $544.94 million in assets and having 8+ experts this is interesting position.

Celadon Group Inc Institutional Sentiment

Filings show 132 investors own Celadon Group Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 9530860. 33703627 were owned by these investors. 11 funds opened new Celadon Group Inc stakes, 62 increased positions. There were 20 that closed positions and 44 reduced them.

Business Profile

Celadon Group, Inc. (Celadon) is a truckload freight transportation provider. The Company’s segments are asset-based, asset-light, and equipment leasing and services. Its services involve point-to-point shipping for its customers within the United States, between the United States and Mexico, and between the United States and Canada. The Company’s primary asset-based services include the United States domestic dry van and refrigerated; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; contract service; regional and specialized short haul service, and rail intermodal service. The Company’s primary asset-light services include freight brokerage, warehousing, less-than truckload consolidation and supply chain logistics services.

The stock increased 2.11% or $0.1 during the last trading session, reaching $4.85. About 562,120 shares traded or 33.77% up from the average. Celadon Group, Inc. (NYSE:CGI) has declined 74.33% since February 14, 2017 and is downtrending. It has underperformed by 91.03% the S&P500.

Celadon Group, Inc., through its subsidiaries, provides transportation services between the United States, Canada, and Mexico. The company has market cap of $134.44 million. It operates through three divisions: Asset-Based, Asset-Light, and Equipment Leasing and Services. It has a 56.4 P/E ratio. The Asset-Based segment offers dry van, refrigerated, and flatbed services; cross-border services between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada services; contract services; regional and specialized short haul services; and rail intermodal services.

Celadon Group, Inc. (NYSE:CGI) Ratings Coverage

Among 8 analysts covering Celadon Group (NYSE:CGI), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Celadon Group has $30 highest and $10 lowest target. $17’s average target is 250.52% above currents $4.85 stock price. Celadon Group had 19 analyst reports since July 31, 2015 according to SRatingsIntel. On Friday, April 29 the stock rating was maintained by Cowen & Co with “Outperform”. The stock of Celadon Group, Inc. (NYSE:CGI) earned “Hold” rating by Stifel Nicolaus on Friday, February 10. As per Friday, June 24, the company rating was downgraded by Stifel Nicolaus. On Tuesday, January 12 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. Cowen & Co maintained Celadon Group, Inc. (NYSE:CGI) on Friday, October 30 with “Outperform” rating. The company was downgraded on Friday, November 4 by Avondale. On Friday, December 16 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The stock has “Buy” rating by Aegis Capital on Friday, April 7. The stock of Celadon Group, Inc. (NYSE:CGI) earned “Outperform” rating by Cowen & Co on Friday, July 31. The firm earned “Outperform” rating on Monday, May 15 by Credit Suisse.

More notable recent Celadon Group, Inc. (NYSE:CGI) news were published by: Prnewswire.com which released: “Celadon Group Announces Amendment to Revolving Credit Facility” on December 26, 2017, also Seekingalpha.com with their article: “Celadon Group – A Changing Narrative” published on July 19, 2017, Seekingalpha.com published: “Celadon Group: Still A Zero” on December 21, 2017. More interesting news about Celadon Group, Inc. (NYSE:CGI) were released by: Seekingalpha.com and their article: “Closing Danger Zone Pick: Celadon Group” published on August 31, 2017 as well as Seekingalpha.com‘s news article titled: “Celadon Group: The Final Countdown” with publication date: October 10, 2017.